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Question

Stand-up India scheme is about _________.

A
Providing credit to young entrepreneurs in IT sector
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B
Providing credit to farmers in drought affected region
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C
Providing credit to Scheduled Caste (SC), Scheduled Tribe (ST) and women borrowers in the non-farm sector
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D
Providing credit to students for higher educations
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Solution

The correct option is C Providing credit to Scheduled Caste (SC), Scheduled Tribe (ST) and women borrowers in the non-farm sector
The “Stand Up India Scheme” is implemented to promote entrepreneurship among Scheduled Caste/Schedule Tribe and Women. The scheme provides for composite loans by banks between Rs. 10 lakh and up to Rs. 100 lakh for setting up a new enterprise in the non-farm sector. These loans would be eligible for refinancing and credit guarantee cover.

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